Most Asian Stocks Rise as U.S. Jobless Claims Fall; BHP Slips
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Most Asian stocks rose, with the MSCI Asia Pacific excluding Japan Index on course for the seventh annual increase in eight years, after improved U.S. data boosted confidence in the global economic recovery.
MediaTek Inc., Taiwan’s largest chip designer, gained 2.5 percent in Taipei as jobless claims fell and business grew in the U.S. Chunghwa Picture Tubes Ltd., which makes television parts, jumped 6.9 percent after announcing an investment plan in China. BHP Billiton Ltd., the world’s biggest mining company, lost 1.3 percent in Sydney after the price of crude oil fell the most in a month.